Lagarde: Commitment to post-crisis financial regulation 'waning'

Ms Lagarde said that the failure to learn the right lessons from the 2008 banking crisis means that "murkier activities" may slip by unchallenged.

In the 10 years since the global economic crash, commitment to regulation which would avoid the next one, and to the cooperation that prevented a new depression is waning.

That is according to the managing director of the International Monetary Fund (IMF), Christine Lagarde.